Robotics is the next big disruptive technology with continuously increasing demand for both industrial and service robotics. Robots are used in a wide variety of tasks like assembling in electronic & automobile sectors, machining of metals, plastic parts and handling of all kinds of production capabilities, etc. However, automotive has emerged as the biggest customer for industrial robotics due to the cost saving offered by the technology. The major markets for industrial robotics are United States, China, Japan, South Korea and Germany. However, the demand from emerging economies is also gearing up with the Brazil, India, Russia and Indonesia emerging as new hubs for manufacturing.According to “Global Industrial Robotics Market Forecast & Opportunities, 2018”, global industrial robotics market revenues are expected to cross US$ 37 Billion by 2018. China is anticipated to be the leading demand generator for the industrial robots in the next five years. The industrial robots have emerged as boon for the manufacturing sector as it helps in reducing cost of production with better quality, safety and provide capital savings.
To Know More : Global Industrial Robotics Market
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